- Despite a 2.29% drop in RWA market cap, user participation has risen 6.12%, signaling long-term sector resilience.
- Mantra’s OM proposes a $160M token burn to regain trust after insider dump rumors.
- SUI prepares for a $267 million unlock; ONDO and ALGO show strong bullish potential.
The Real World Asset (RWA) token sector saw a modest decline this week, with the total market cap slipping 2.29% to $45.76 billion. Daily trading volume dropped 16.74% to $1.87 billion, and on-chain value fell 5.49% over the past month to $18.91 billion.
Despite the cooldown, user participation is rising. Total RWA asset holders climbed 6.12% to 98,820, hinting that investors are maintaining long-term conviction even as short-term volatility sets in.
OM: Burn Proposal Aims to Reverse Bearish Sentiment
OM is down 6.41% in the last 24 hours, trading at $0.4959. The token has faced strong selling pressure, largely due to rumors of insider dumping.
To counter this, Mantra, the RWA tokenization platform behind OM, has proposed burning up to 300 million tokens (around 16.5% of total supply), including 150 million OM from founder John Patrick Mullin’s own stake.
This supply shock could flip sentiment bullish—a rally to $1 becomes likely if demand rebounds.
Hedera (HBAR): Tokeny Integration Brings Institutional Access
Trading at $0.1856 and down 2.17%, Hedera (HBAR) is showing signs of strong underlying strength. Hedera has also just integrated with Tokeny Solutions, a tokenization firm that serves institutions like ABN AMRO and BNP Paribas with $28B in tokenized assets and over 120 clients.
This move could supercharge Hedera’s RWA credibility, setting up a potential run toward $1 and beyond if institutional adoption ramps up.
SUI: May 1 Unlock Looms, But TVL Shows Strength
SUI trades at $3.56 with a key catalyst ahead—a 74 million token unlock ($267.88M) scheduled for May 1.
SUI’s Total Value Locked (TVL) has surpassed $1 billion and is en route to $2 billion, suggesting growing user trust and DeFi traction. With the RSI at a neutral 55.10 and climbing, momentum appears to be building rather than weakening.
If SUI successfully retains prices above current levels, a test of the resistance zone between $4.7-$5 is likely in the near future.
Related: Understanding Arbitrum’s Timeboost Priority Bidding and Converge RWA Chain
ONDO: Elliott Wave Suggests Supercycle Rally
ONDO is making waves with ultra-bullish technical projections. Analyst Crypto Wave Vision suggests the cryptocurrency could hit $8, $20, or even $30 based on a rare “1-2-1-2” Elliott Wave structure forming on the weekly chart.
If confirmed, this could trigger a massive Wave 3 rally—the most explosive stage in Elliott theory.
Related: ONDO Token Breaks $1 Resistance as Ondo Discusses RWA Rules with SEC
Algorand (ALGO): Real-World Use Cases
ALGO trades at $0.2277, down 2.32% in 24 hours. However, it’s gaining buzz after the Algorand Foundation unveiled a pilot for a Universal Chess Passport in partnership with World Chess.
The tool will use decentralized ID tech to streamline participation across platforms and tournaments for over 600 million global chess players. This real-world use case could strengthen Algorand’s adoption narrative.
Technically, ALGO may retest the 20-day EMA at $0.2092, a key support level for buyers in the short term. But higher prices are likely if the EMA holds with the nearest one being $2.5, the Upper Bollinger Band.
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